Buying a new-build property offers many advantages, but also involves some risks. While buyers can look forward to modern construction quality, energy-efficient technology and low maintenance costs, there are a number of points that should be carefully examined in new-build projects.
Check the reliability of the property developer
Not every property developer delivers what they promise. Before signing a contract, buyers should find out about the reliability of the provider, check reference projects and obtain testimonials from previous buyers. A look at the commercial register and the company's credit rating can also help to avoid financial risks.
Check construction and service specifications carefully
The construction and service description specifies which materials and fittings are included in the purchase price. Buyers should make sure that all relevant details - from the façade design to the quality of the flooring - are precisely defined to avoid surprises later on.
Observe completion dates and contractual clauses
Construction delays are not uncommon in new construction projects. The contract should set out clear deadlines and provisions in the event of delays. Buyers should ensure that contractual penalties are agreed in the event of late completion in order to avoid financial disadvantages.
Construction supervision by experts
An independent building expert can help to identify construction defects at an early stage and check the quality of the construction work. For larger projects in particular, it makes sense to have regular inspections carried out during the construction phase.
Conclusion
New-build projects offer attractive advantages, but require careful consideration. Those who obtain detailed information in advance, check the contract details carefully and ensure that the construction work is carried out in a reputable manner can benefit from a high-quality property with a stable value in the long term.
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